This chemical is primarily used in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of boron-containing compounds, which are essential in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to form carbon-carbon bonds, a critical step in the synthesis of complex organic molecules. Additionally, the tert-butyl carbamate protecting group ensures selective reactivity during multi-step synthetic processes, enhancing the efficiency of target molecule production. Its application is crucial in the design and synthesis of biologically active compounds, including potential drug candidates.